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3136 Thomas Rd Clearwater, FL 33759

3 Beds 2 Baths 1,370 sqft Built 1965

$330,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $240.88
  • 6 Days on Market
  • MLS # : U8109620
  • Updated Date : 01/13/2021 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,370 sqft
  • Baths : 2 full
Listing Agent

Re/max Realtec Group Inc

Listing Agent's Description

FANTASTIC AREA IN DEL ORO GARDENS NEAR KAPOK TREE! 3 BEDROOM, 2 BATHROOM POOL HOME. DONT MISS YOUR OPPORTUNITY TO LIVE IN ONE OF THE MOST CENTRALLY LOCATED AREA IN PINELLAS! ONLY A SHORT WALK FROM BAYSHORE DEL ORO PARK AND THE SCENIC REAM WILSON TRAIL. 20 MINUTES TO CLEARWATER BEACH AND TAMPA AIRPORT. 30 MINUTES TO ST. PETE! NEW ROOF IN 2019. NEW IMPACT WINDOWS JANUARY OF 2020. NEW A/C IN JULY OF 2020. APPLIANCES UPDATED IN 2017. OPEN KITCHEN AND LARGE POOL DECK. WASHER / DRYER AS IS. NO WARRANTY. MAKE YOUR APPOINTMENT BEFORE ITS GONE!

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MARKET HIGHLIGHTS

  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)

PRICE & RENT TRENDS

Zip Code: 33759

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $75k238k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 33759

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8781787

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Safety Harbor Elementary School Primary Regular 662 47 7
Safety Harbor Middle School Middle Regular 1,319 75 5
Countryside High School High Regular 2,175 106 5

Safety Harbor Elementary School

  • Education Level: Primary
  • # of students: 662
  • # of teachers: 47
7
GreatSchools Rating

Safety Harbor Middle School

  • Education Level: Middle
  • # of students: 1,319
  • # of teachers: 75
5
GreatSchools Rating

Countryside High School

  • Education Level: High
  • # of students: 2,175
  • # of teachers: 106
5
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,146
Property Tax -$426
Property Insurance -$116
Property Management Fees -$129
CASH FLOW
-$17

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$330,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$22,056

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,800

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $1,596

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5993$1,6954$1,7495$1,800
$1,800
RENT COMPS ANALYSIS
  • 3136 Thomas Rd Clearwater, FL 5
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.31
    •  
  • 3111 Johns Pkwy Clearwater, FL 1
    • 3 beds 1 baths ∙ 1,247 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,247 Sqft ∙ Built 1950
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.16
    •  
  • 1208 Melonwood Ave Clearwater, FL 2
    • 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1972
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.23
    •  
  • 886 Harbor Hill Dr Safety Harbor, FL 3
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1984
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.08
    •  
  • 1201 Hollywood Ave Clearwater, FL 4
    • 4 beds 2 baths ∙ 1,466 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,466 Sqft ∙ Built 1972
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $1.19
    •  
PROPERTY LISTING DETAILS
Nancy Leslie
1.727.785.3355
Re/max Realtec Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109620
Last Updated: 01/13/2021
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